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GF Securities Sets Interest Rate for Two Bond Tranches; Hong Kong Shares Rise 3%

GF Securities' (SHE:000776, HKG:1776) set the interest rate for two bond tranches following a book-building process, according to a Wednesday filing with the Shenzhen bourse.The issuer and bookrunner agreed to a rate of 1.5% for the first tranche and 1.51% for the second tranche.The bonds will be issued on Wednesday and Thursday.Shares rose 3% in Hong Kong and 2% in Shenzhen during morning trading on Thursday.

HKG:1776SHE:000776

Asia27d ago

TSR Capital's Unit Secures MYR130 Million Earthworks Contract

TSR Capital's (KLSE:TSRCAP) subsidiary, TSR Bina, secured a 130 million ringgit contract for the construction and completion of earthworks and other associated works for the proposed widening of the Kuala Lumpur-Karak Highway, according to a Tuesday filing with the Malaysian Exchange.Under the agreement, the subsidiary will undertake extensive earthworks and associated civil engineering tasks.

KLSE:TSRCAP

Asia27d ago

Insights Analytics Unit Bags MYR4 Million Software Maintenance Contract

Insights Analytics (KLSE:IAB) subsidiary, Insights Analytics Technologies, accepted a letter of appointment from Sarawak Information Systems for a contract worth 4.3 million ringgit, according to a Tuesday filing with the Singapore Exchange.The contract will cover the maintenance and support services of the Inteli Water System for 36 months to ensure reliability and performance.

KLSE:IAB

International27d ago

Market Chatter: South Korea-Middle East Container Shipping Costs Rise for Fifth Straight Month in June

The average shipping charge for a 40-foot container from South Korea to the Middle East, as reported by exporters, rose for a fifth straight month in June, Yonhap News reported Wednesday, citing data from the Korea Customs Service.Container shipping costs increased 15.1% in June to 7.78 million won from May, the report said.Freight rates to the U.S. West Coast surged 45.5% to 7.86 million won, while rates to the East Coast jumped 26.6% to 7.11 million won last month from May. Shipping costs to the European Union added 17.4% to 4.24 million won in June, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Wire27d ago

Skellerup Holdings' Guidance Hike Continues 'Strong Execution Track Record,' Jarden Says

Skellerup Holdings' (NZE:SKL) upgrade to its fiscal 2026 outlook continues "a strong execution track record" of achieving or surpassing opening guidance over the past decade while navigating multiple macro and industry headwinds, Jarden said in a Tuesday note.The company raised its net profit after tax guidance to between NZ$64 million and NZ$65 million from a previous range of NZ$57 million to NZ$62 million, citing stronger demand in the US, its largest end market.Skellerup captured robust fiscal fourth-quarter demand in the US across multiple applications in potable water, wastewater, dairy, and marine, the investment firm said.Jarden expects the company to issue a fiscal 2027 net profit after tax opening guidance range of NZ$65 million to NZ$70 million. The equity research firm raised its fiscal 2026 through fiscal 2028 earnings per share forecasts for Skellerup following the company's latest trading update.Over the past 10 years, Skellerup has "transitioned from an indebted cyclical manufacturer to a design-led, capital-light and diversified critical components supplier with a track record of growth and execution," Jarden said.It lowered its rating on Skellerup to neutral from overweight, saying that a continuation of the company's growth profile is captured in revised estimates and better reflected in its current share price. It also raised its target price on the company to NZ$6.70 from NZ$5.90.Shares of Skellerup were down nearly 2% in recent Wednesday trade.

NZE:SKL

Asia27d ago

Aussie Broadband's Ability to Deliver Its Fiscal Year 2028 Ambitions Faces Limited Impact from Satellite Disruption Threat, Jarden Says

Aussie Broadband's (ASX:ABB) ability to deliver its fiscal year 2028 ambitions will face limited impact from the threat of satellite internet disruption, Jarden said in a Tuesday report.Starlink could emerge as a structural threat, amid SpaceX's stated ambition to move upmarket into suburban and urban premises. However, Starlink's share gains to date have not come at the expense of NBN connections. Starlink has lifted total household internet penetration, while fixed-line NBN connections have remained stable in absolute terms.Aussie Broadband's group cost growth, excluding acquisitions, will run below the consumer price index, allowing the firm to grow earnings organically ahead of market expectations despite the residential slowdown. It will compound underlying earnings before interest, taxes, depreciation, and amortization at around 21%, from fiscal year 2025 to fiscal year 2028.The investment firm upgraded its rating on Aussie Broadband to overweight from neutral and retained its AU$5.50 per share price target.

ASX:ABB

Asia27d ago

Korea Exchange Halts Kospi, Kosdaq Trading for Five Minutes After Strong Buying

The Korea Exchange activated a five-minute buy-side sidecar on the country's primary and secondary stock markets on Wednesday morning after investors rushed to buy semiconductor stocks amid an upbeat AI sector outlook despite tensions in the Middle East.The Korea Exchange announced the order at 9:06 am after the KOSPI200 Futures added 71.50 points, or 6.5%, to trade at 1,170.60, and at 9:17 am after the KOSDAQ150 Futures index added 83 points, or 6.1%, to trade at 1,439.50.A buy-side sidecar is activated when the KOSPI200 Futures index and the KOSDAQ150 Futures index rise 5% or more for at least one minute.

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Asia27d ago

China Southern Airlines Warns of Wider H1 Loss

China Southern Airlines (HKG:1055, SHA:600029) expects an attributable net loss of 3.47 billion yuan to 3.97 billion yuan for the first half, widening from 1.53 billion yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.The company attributed the expected loss to sharply higher aviation fuel costs amid geopolitical tensions, despite growth in passenger traffic and revenue during the first half.Hong Kong-listed shares of the airline were down nearly 2% in Wednesday morning trade.

HKG:1055SHA:600029

Asia27d ago

Vault Minerals' Proposed Merger With Genesis Minerals Positive Outcome for Shareholders, Jarden Says

Vault Minerals' (ASX:VAU) proposed merger with Genesis Minerals (ASX:GMD) is a positive outcome for Vault shareholders, superior to the previously proposed merger with Regis Resources (ASX:RRL), Jarden said in a Tuesday note.Genesis Minerals agreed to acquire Vault Minerals for AU$5.274 per share. Vault shareholders will receive 0.7629 new Genesis ordinary shares plus AU$0.475 in cash for each Vault share they hold.Vault shareholders who remain Genesis shareholders are likely to benefit from the around estimated AU$2 billion undiscounted synergies, along with other likely unquantified synergies, Jarden said.The combined entity is expected to be unhedged, providing substantial operating leverage to spot gold, the investment firm added. The combined ore reserve of around 9.4 million ounces and mineral resource of around 33.6 million ounces supports a long-life production profile.Jarden retained its neutral rating on Vault Minerals and raised the price target to AU$5.20 from AU$4.30.Vault Minerals' shares shed 1% in recent Wednesday trade, while Genesis Minerals' shares lost about 2%. Regis Resources' shares tumbled 5%.

ASX:GMDASX:RRLASX:VAU

Asia27d ago

Yangtze Optical Fibre Sees Up to 914% Surge in H1 Profit

Yangtze Optical Fiber And Cable (HKG:6869, SHA:601869) expects attributable net profit of 2.40 billion yuan to 3.00 billion yuan for the six months ended June 30, up 711% to 914% from 296 million yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.The company attributed the expected growth to rising demand for new optical fiber and cable products driven by the expansion of computing power data centers, as well as growth in its overseas business, an improved product mix, and higher profitability.Hong Kong-listed shares of the Chinese cable manufacturer were up 5% in Wednesday morning trade.

HKG:6869SHA:601869

Asia27d ago

Paragon Globe Unit to Acquire Land in Johor, Malaysia for MYR127 Million

Paragon Globe (KLSE:PGLOBE) unit PGB Gardens plans to acquire a 753/1,000 beneficial interest in a 103.9-hectare freehold land in Kulai, Johor, Malaysia, for 127.3 million ringgit in cash, according to a Tuesday Malaysian bourse filing.The company intends to develop the land into an integrated industrial park featuring factory units, commercial space and a workers' hostel.The proposed acquisition, subject to shareholder and other approvals, is expected to be completed in the second half of 2027.The deal will be funded through a mix of bank borrowings and internal funds, it said.

KLSE:PGLOBE

Asia27d ago

Universal Textile Under Probe in Taiwan

Taiwan's Ministry of Justice Investigation Bureau sent personnel to Universal Textile (TPE:1445) to request documents as part of an investigation, according to a Tuesday filing with the Taiwan Exchange.The company said it fully cooperated by providing all relevant documents.Universal Textile added that its operations remain normal and that the incident has no material impact on its financial condition or business operations.No other details were disclosed in the filing.

TPE:1445

Asia27d ago

Tianqi Lithium Forecasts Sharp Rise in H1 Profit

Tianqi Lithium (HKG:9696, SHE:002466) expects attributable net profit of 2.85 billion yuan to 4.25 billion yuan for the six months ended June 30, compared with 84.4 million yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.Basic earnings per share are expected to increase to between 1.68 yuan and 2.51 yuan from 0.05 yuan a year earlier.The company attributed the expected growth to higher average selling prices for its lithium products, driven by stronger downstream demand from the new energy sector, and to a significant increase in investment income from its stake in SQM.Hong Kong-listed shares of the lithium company fell nearly 2% in morning trade Wednesday.

HKG:9696SHE:002466

Asia27d ago

China Northern Rare Earth Expects Up to 121% H1 Profit Growth

China Northern Rare Earth (SHA:600111) forecasted first-half attributable net profit of between 1.98 billion yuan and 2.06 billion yuan, compared with 931.3 million yuan the previous year.The 113% to 121% rise is attributed to higher rare earth prices due to supply constraints on raw materials and sustained growth in downstream demand, according to a Wednesday filing with the Shanghai bourse.

SHA:600111

Equities27d ago

Market Chatter: Shell Said to Begin Search for Drilling Contractor on Offshore Gas Project in Venezuela

Shell (SHEL.L, SHELL.AS) launched the tender process for a drilling services contract linked to the Dragon offshore gas project in eastern Venezuela, Reuters reported Tuesday, citing two people familiar with the process.The energy giant is expected to award the contract by the end of September 2026, with the drilling of four wells targeted to begin in the second quarter of 2027, according to the report.The contract is reportedly subject to a positive final investment decision for the project.Shell did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$SHEL.L$SHELL.AS

Asia27d ago

Tata Power Allots INR15 Billion of Five-Year Bonds

Tata Power (BOM:500400, NSE:TATAPOWER) allotted 15 billion rupees of five-year non-convertible debentures through a private placement, according to a Tuesday exchange filing.The unsecured, senior, redeemable notes carry a coupon rate of 7.50%, the filing said.The company allotted 150,000 debentures with a face value of 100,000 rupees each. The notes are proposed for listing on BSE's Wholesale Debt Market segment.

BOM:500400NSE:TATAPOWER

Wire27d ago

Rio Tinto Group's Q2 Update Shows Production in Line With Consensus, Says Jefferies

Rio Tinto Group (ASX:RIO) reported second quarter production exceeding expectations for Pilbara iron ore production and shipments, while performance across its other major operating assets was also broadly in line with market forecasts, according to a Wednesday Jefferies note.The investment firm added that the company has reduced unit cost guidance in copper to $0.30 to $0.50 per pound from $0.65 to $0.75 per pound due to higher gold prices and operational improvement initiatives."While mostly an uneventful report from Rio, the [quarter-on-quarter] rebound in volumes at certain assets in 2Q is encouraging," the investment firm said.Jefferies kept a hold rating on Rio Tinto with a price target of AU$187.The company's shares rose past 1% in recent Wednesday trade.

ASX:RIO

Asia27d ago

China Three Gorges Renewables Expects H1 Profit to Jump By Up to 73%

China Three Gorges Renewables (SHA:600905) expects its net profit attributable to owners for the first half to drop by between 66% and 73% year on year to a range of 1.05 billion yuan to 1.30 billion yuan, according to a Shanghai bourse filing on Wednesday.The power company's attributable profit a year earlier was 3.82 billion yuan, or 0.13 yuan per share.The forecast was attributed to lower electricity sales and a decline in wind and solar resources due to abnormal temperatures and extreme weather events.

SHA:600905

Asia27d ago

Treasury Wine Estates Shares Inch Down After Wine Australia Reported Smallest Crush Since 2000

Treasury Wine Estates' (ASX:TWE) shares inched down in recent trading on Wednesday after Wine Australia said in a same-day report that Australia's 2026 winegrape crush fell to 1.3 million tonnes, the smallest since 2000.The 2026 crush was down 306,334 tonnes, or 19%, from the 2025 national crush and 25% below its 10-year average of 1.7 million tonnes.The crush equates to around 33 million fewer nine-liter cases of wine.The 2026 crush reflected both seasonal pressures, including flooding in the inland regions and a broader response to changed consumer demand, said Peter Bailey, manager of market insights at Wine Australia.

ASX:TWE

Asia27d ago

GF Securities Expects Up to 85% Rise in H1 Profit; Hong Kong Shares Rise 4%

GF Securities (HKG:1776, SHE:000776) forecasts a 70% to 85% rise in its net attributable profit to between 11 billion yuan and 12 billion yuan in the first half from 6.47 billion yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.The brokerage expects earnings per share to rise to between 1.34 yuan and 1.47 yuan from 0.79 yuan a year earlier.GF Securities attributed the expected rise to higher revenue in its wealth management, trading and institution, investment management, and investment banking businesses.Shares rose 4% in Hong Kong and 2% in Shenzhen during morning trading on Wednesday.

HKG:1776SHE:000776

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